Construction Fund definition
Examples of Construction Fund in a sentence
School District shall make disbursements from the Acquisition and Construction Fund in accordance with the terms of this Section 4.
If the Company has established a Capital Construction Fund (CCF), pur- suant to section 607 of the Act, whether interim or permanent, at any time when a deposit would otherwise be re- quired to be made into the Title XI Re- serve Fund, and the Company elects to make such deposits to the CCF, the Company must enter into an agree- ment, satisfactory to us, providing that all such deposits of assets therein will be security (CCF Security Amount) to the United States in lieu of the Title XI Reserve Fund.
Owner, at its cost and expense, shall, except as otherwise provided herein, pay all permit fees, connection fees and other fees customarily charged by Water District as may now exist or may be charged in the future arising out of the planning, engineering or construction of the Water District Acquisition Facilities, and such fees shall be deemed eligible costs available for reimbursement from amounts deposited in the Acquisition and Construction Fund of the Acquisition and Construction Fund.
All cost and expense of Water District review (including, but not limited to, Water District’s agents, employees and independent contractors) shall be paid by Owner and shall be deemed eligible costs available for reimbursement from the Acquisition and Construction Fund to the extent reasonable.
The School District shall cause CFD No. 2024-1 to maintain, or cause to be maintained, records relating to the disbursements of proceeds of the sale of the Bonds, including all amounts expended from the Acquisition and Construction Fund (defined below).